Because volatility is said to be mean-reverting, and because increased volatility positively impacts options prices, some market participants are anticipating sudden and notable price turbulence and are
"Upside volatility likely remains far away unless BTC can take new year-to-date highs. The clearest catalyst for this currently revolves around a BTC spot ETF," Magadini said in the latest market note."I continue to believe the 'base case' in this environment is to lean towards the short-vol bias, .".
Griffin Ardern, a volatility trader from the crypto asset management firm Blofin, expressed a similar view, saying that selling volatility is one of the few profitable trading strategies.
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